Question

Q. A committee has been set up by RBI under the chairmanship of Sudarshan Sen to review:

• A. Working of NBFCs
• B. Working of Asset Reconstruction Companies (ARCs)
• C. Working of Monetary policy committee
• D. Working of Private sector banks

Answer 1

The correct option is B Working of Asset Reconstruction Companies (ARCs)

Explanation:

• The Reserve Bank of India had announced the setting up of a Committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector.
• It will be headed by Sudarshan Sen